wiiw Forecast Reports
THE CZECH REPUBLIC: The second dip about to be left behind
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The Czech economy is finally recovering from the effects of fiscal consolidation. Given the relatively low levels of debt burdening both the government and the private sector (corporate as well as household debts) coupled with growth-friendly monetary and fiscal policies, recovery over the biennium 2014-2015 seems assured. Acceleration of growth, however, may only be gradual as fixed investment is unlikely to expand at a markedly high rate. Doubts have recently arisen about the country’s foreign trade performance in the years to come.
Countries covered: Czech Republic, Visegrad countries